For entry into a particular perfectly competitive industry to occur,which of the following must be TRUE?
A) Economic profit Accounting profit 0.
B) Accounting profit Economic profit 0.
C) Accounting profit 0 Economic profit.
D) Accounting profit Economic profit = 0.
E) Accounting profit = Economic profit = 0.

Question

For entry into a particular perfectly competitive industry to occur,which of the following must be TRUE?
A) Economic profit > Accounting profit > 0.
B) Accounting profit > Economic profit > 0.
C) Accounting profit > 0 > Economic profit.
D) Accounting profit > Economic profit = 0.
E) Accounting profit = Economic profit = 0.

Quizplus · Accepted Answer

The Answer of For entry into a particular perfectly competitive industry to occur,which of the following must be TRUE?
A) Economic profit > Accounting profit > 0.
B) Accounting profit > Economic profit > 0.
C) Accounting profit > 0 > Economic profit.
D) Accounting profit > Economic profit = 0.
E) Accounting profit = Economic profit = 0.

For Entry into a Particular Perfectly Competitive Industry to Occur,which